In Q2 2025, the business revenue indices of the financial industry, import and export trade industry, insurance industry, and banking industry in Hong Kong all recorded double-digit year-on-year growth.
In the second quarter of 2025, compared with the second quarter of 2024, the business income index of the financial industry (excluding banks) increased by 27.7%, the import and export trade industry increased by 21.2%, the insurance industry increased by 20.7%, and the banking industry increased by 14.5%, all recording double-digit growth.
On September 9, the Census and Statistics Department of the Hong Kong government published preliminary figures of the Business Receipts Index, showing that in the second quarter of 2025, most key service industries recorded varying degrees of growth in business receipts compared to the second quarter of 2024. The Business Receipts Index for the financial industry (excluding banks) (+27.7%), import/export trade industry (+21.2%), insurance industry (+20.7%), and banking industry (+14.5%) all saw double-digit growth. In contrast, the Business Receipts Index for the real estate industry declined by 8.1% during the same period.
Analyzing by service sector, the Business Receipts Index for computer and information technology services increased by 75.6% year-on-year, while the Business Receipts Index for tourism, conventions, and exhibitions services also rose by 9.6% year-on-year.
Compared to the first quarter of 2025, about half of the major service industries saw seasonal-adjusted business receipts (calculated by value) increase to varying degrees. The Business Receipts Index for the financial industry (excluding banks) and the real estate industry increased by 3.5% and 3.0% respectively on a quarter-on-quarter basis. On the other hand, the Business Receipts Index for the insurance industry decreased by 13.9% during the same period.
Analyzing by service sector, in the comparison between the second quarter and the first quarter of 2025, the seasonal-adjusted Business Receipts Index for computer and information technology services increased by 10.0%, while that for tourism, conventions, and exhibitions services decreased by 5.6%.
A government spokesperson in Hong Kong stated that in the second quarter of 2025, business receipts in most service industries increased compared to the same period last year. The most significant increases were seen in the financial industry (excluding banks), import/export trade industry, insurance industry, and banking industry.
Looking ahead, the continued economic expansion is expected to benefit various service industries. While some industries may be affected by external uncertainties, steady economic growth in Asia, especially in the mainland, increasing local employment income, and various measures implemented by the Hong Kong government to boost the economy and attract investments, will provide support for different service industries.
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